Gas cartel boils Chris Ulhmann’s brain

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What an intellectual mess Chris Uhlmann is. The piece he writes today is so confusing that he should give the NDIS a call.

The man charged with delivering Labor’s pledge to source 82 per cent of electricity from wind, solar and hydro power by 2030 says natural gas will be the “ultimate backstop” for keeping the lights on because weather-dependent generators can’t deliver consistent power.

Australian Energy Market Operator chief executive Daniel Westerman told Sky News that gas would be essential to ensure the reliability of the eastern grid to 2050 and beyond, as the cost of trying to cover long periods of low wind and solar generation without it would be prohibitive.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.